Timbers Holdings, LLC Expands Lease At 1031 West Morse Boulevard In Winter Park With Hold-Thyssen, Inc
1031 West Morse Boulevard Winter Park, Florida 32789, USA
Building Size
11,279 SF
Asset Type
Office
Closing
Aug 26, 2023
About this deal
AI
Morse Boulevard Development Associates, LLC has completed a 6-year lease expansion at 1031 West Morse Boulevard in Winter Park. The luxury resort developer, Timbers Holdings, LLC, will now occupy 11,279 square feet in the office building.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not mentioned
- Address: 1031 West Morse Boulevard
- Market: Winter Park
- Square Footage: 11,279
The lease deal was negotiated by Darby Hold, Senior Director at Hold-Thyssen, Inc, on behalf of the landlord, Morse Boulevard Development Associates, LLC. Darryl Hoffman, representing JLL, served as the tenant's representative for Timbers Holdings, LLC.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93